Seasonal Asian Demand To The Rescue For Gold Despite potential December Rate hikes – RBC Capital Markets
Despite the perception of a potential U.S. rate hike in December, analysts at RBC Capital Markets expect robust Asian demand to support the gold price for the rest of the year.
Read moreGold Still Back-Peddling From Hawkish FOMC
Gold prices are lower and hit a four-week low overnight as perceived higher odds of a U.S. Federal Reserve interest rate hike in December are bearish for the precious metal. The gold market has been back-peddling since last week’s hawkish FOMC statement.
Read moreThe 6PM Recap With Gary Wagner: The Geopolitics of Oil As It Affects Syria And Russia Should Be Of Concern To Everyone
A week that started with fear over what the Federal Reserve might do in its meeting just concluded this past Wednesday, ended up being a good week for equities, and, in spite of major bumps in the road, a very good week for crude.
Read moreConfessions of a Gold Analyst: A Long Term Investor (Not Analyst) Perspective
My first public market call in the metals complex was made back in 2011, at which time I was looking for a top in the gold market at $1,915.
Read moreDollar Direction, Economic Data Will Be Drivers For Gold Next Week
The gold market tumbled lower this week, pressured by ideas that odds of a Federal Reserve interest rate hike in December increased.
Read moreRetail Investors Remain Bullish On Gold; Wall St. Turns Negative
Gold prices continue their downtrend since Thursday’s price drop after markets digested the latest Federal Reserve statement, and sentiment towards the yellow metal among investors remains mixed, with most market professionals looking for lower prices, according to Kitco News Wall Street vs. Main Street Weekly Gold Survey.
A Longer-Term Examination of Gold from a Fibonacci Perspective
See on the monthly continuation bar chart for nearby Comex gold futures that prices recently fell to the 50% Fibonacci retracement level of the longer-term price move from the 1999 low to the 2011 high.
Read moreLBMA: Gold Ounces Transferred Daily In Sept. Hits 10-Year Low
The amount of gold transferred between accounts of London Bullion Market Association members from August to September fell to the lowest level in a decade, while the amount of silver that exchanged hands climbed to the highest level since November 2014, the organization reported Friday.
Barrick, Newmont Shares Rise During Earnings Week Despite Softer Gold Prices
Shares of the world’s two largest gold producers apparently benefited from their companies’ earnings reports this week and thus posted modest gains even though the price of the metal itself declined.
Kitco News Recaps Highlights from Industry Experts : LBMA
Kitco News just wrapped its coverage from the London Bullion Association (LBMA) annual gathering in Vienna, Austria.
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